Crazy undervalue. Upon disposal, even the net cash after deducting the debt is already over RM1.6 per share.

Never seen a company trading below net cash position before. I bet institutional investors like Kwap, PNB, EPF or Tabung Haji would be interested in this stock soon.

Why no analyst covering this?! Crazy! Crazy!

Panic selling in the last hour of trading in line with the selling off the general market. This stock got hit quite badly due to the lack of liquidity.

I still believe that the announcement of the deal with ilmu will be made soon (by Jan or Feb)

For those who are yet to enter and believe in the deal, this might be a good point of entry.

For those who are already in, i guess they will need to be patient and have to face the volatility of the current market condition.

The deal for the divestment of 49% of Apiit with Ilmu Group is expected to be completed by 1Q16 in line with the potential listing of the group targeted on the 2nd half of the year. Given the timeline, an announcement is expected sometime in Jan or Feb in order to give time for the company to hold an EGM. Rumours in the media put the valuation of the 49% to be around rm300m to rm400m. However if Ilmu decides to delay the listing, the completion might also be delayed.

Appreciate if anyone can give any input on this. If the rumours are true, the company is super undervalue at the moment.

I heard that they already received an offer for the 49% of apiit. Can anyone here comfirm that?